Coca-Cola, East African Breweries Back Kenya Water Supply Fund

Kenya is starting a fund to provide water supply to more than 9.3 million people in East Africa’s largest economy, organizations involved in the venture said on Friday.

The so-called Nairobi Water Fund, backed by government agencies, businesses, conservation groups and utility companies, is a public-private partnership and will generate $21.5 million in long-term benefits, the organization said in an e-mailed statement, without providing details

“This landmark initiative will cut costs for hydro-power and clean water, while addressing water flow and soil erosion issues in the Upper Tana River basin,” the fund said in the statement.

Backers include East African Breweries Ltd., Coca-Cola Co., Kenya Electricity Generating Co., The Nature Conservancy, the Nairobi City Water and Sewerage Co., the International Center for Tropical Agriculture, Frigoken Horticulture and Pentair Plc, a water technology company.

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